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Clean water to stimulate development

Country

Algeria

Sector

Infrastructure Components and Equipment

Senior Debt Provided

US$17 million

The availability of clean water can profoundly change lives and societies, improving health and hygiene, reducing domestic toil and raising crop fertility and reliability. Abundant, clean, available water can stimulate development in the food processing and tourism and hospitality sectors.

In Algeria, Hoch International is investing US$24 million in expanding its steel water pipe making factory. Such advanced, precision, high-quality manufacturing brings new skills to a predominately local workforce. Mocha’s facility will supply local and export markets. EAIF loaned Hoch US$17 million in 2012.

Other projects

The Emerging Africa Infrastructure Fund has to date invested in 58 projects in 17 countries.

Kenya Power and Lighting investment attracts commercial bank support

Country: Kenya / Sector: Power

Regarded as one of the best run utilities in Africa, Kenya Power and Lighting Company is investing US$150 million upgrading, extending and maintaining its electricity transmission and distribution system. The company retails power to all sectors of the Kenyan economy and across the country.

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Dreamliners unlock Ethiopia

Country: Ethiopia / Sector: Transport

Ethiopia recorded steady high single figure growth in recent years. Land reforms, infrastructure investment and foreign direct investment in a number of sectors are all improving the economic outlook for one of the world’s poorest countries.

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Ciprel adds another 120MW to its Cote D’Ivoire power plant

Country: Cote D’Ivoire / Sector: Power

The EURO253 million upgrade of the Ciprel power plant in Cote D’Ivoire included a EURO30 million loan from EAIF, signed in early 2014. Expanding Cote D’Ivoire’s generating capacity is a core component in sustaining post-conflict economic recovery and alleviating poverty.

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